Bence Residential Limited - Period Ending 2015-12-31

Registration number: 09357194

Bence Residential Limited

Unaudited Abbreviated Accounts

for the Period from 16 December 2014 to 31 December 2015

 

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

Bence Residential Limited
(Registration number: 09357194)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £
Fixed assets
Tangible fixed assets					360
Current assets
Stock and work in progress					502,311
Debtors					3,527
Cash at bank and in hand					4,549
					510,387
Creditors: Amounts falling due within one year					(512,927)
Net current liabilities					(2,540)
Net liabilities					(2,180)
Capital and reserves
Called up share capital					10
Profit and loss account					(2,190)
Shareholders' deficit					(2,180)

The notes on pages 3 to 4 form an integral part of these financial statements.
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Bence Residential Limited
(Registration number: 09357194)
Abbreviated Balance Sheet at 31 December 2015
......... continued

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 14 September 2016 and signed on its behalf by:

.........................................
Mr John Clarke
Director

.........................................
Mr Martin Lally
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Bence Residential Limited
Notes to the Abbreviated Accounts for the Period from 16 December 2014 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		480			480
At 31 December 2015		480			480
Depreciation
Charge for the period		120			120
At 31 December 2015		120			120
Net book value
At 31 December 2015		360			360

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Bence Residential Limited
Notes to the Abbreviated Accounts for the Period from 16 December 2014 to 31 December 2015
......... continued

3	Related party transactions

Other related party transactions

During the period the company made the following related party transactions:

Almondsbury Homes Limited (A company in which John Clarke is a director and shareholder) During the period, a loan was made between the two entities on which interest is not paid . At the balance sheet date the amount due from Almondsbury Homes Limited was £958.

BS32 Limited (A company in which Martin Lally is a director and shareholder) During the period, a loan was made between the two entities on which interest is not paid . At the balance sheet date the amount due from BS32 Limited was £958.

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